health

Target to lower prices on basic goods in response to inflation

Font size+Author:Stellar Scope news portalSource:world2024-05-21 07:30:30I want to comment(0)

Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inf

Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inflation cuts into household budgets and more Americans pay closer attention to their spending.

The price cuts, already applied to 1,500 items, will eventually include 5,000 food, drink and essential household goods. Target and other retailers are increasingly catering to customers who are struggling with higher prices for groceries, though inflation has begun to cool. Many of them have switched to private label brands sold by Target and others big retailers, which are typically less expensive than well-known brands.

Target launched one such collection in January called Dealworthy which includes nearly 400 basic items, ranging from clothing to electronics, that can cost less than $1, with most items under $10.

Last week, McDonald’s said that it was planning to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customer frustration with higher prices. Walmart posted strong quarterly sales last week driven by a influx of customers, including households with incomes of more than $100,000, looking for bargains.

Related articles
  • 'The Apprentice,' about a young Donald Trump, premieres in Cannes

    'The Apprentice,' about a young Donald Trump, premieres in Cannes

    2024-05-21 07:24

  • Sparks move home game against Caitlin Clark and Indiana from Long Beach to downtown Los Angeles

    Sparks move home game against Caitlin Clark and Indiana from Long Beach to downtown Los Angeles

    2024-05-21 06:22

  • Poland's Tusk calls secret services meeting after defection of judge to Belarus

    Poland's Tusk calls secret services meeting after defection of judge to Belarus

    2024-05-21 05:38

  • Wisconsin Republicans launch audit of state government diversity efforts

    Wisconsin Republicans launch audit of state government diversity efforts

    2024-05-21 05:18

Netizen comments